August 22, 2025 The United States has sanctioned a Greek shipping entrepreneur, a network of his companies, and two Chinese crude oil terminal and storage operators as the Treasury is taking additional actions to disrupt Iranian oil exports and the shadow fleet enabling them. The United States Department of the Treasury’s Office of Foreign […]Read More
India is launching a national deepwater oil and gas exploration mission to tap more of its energy resources, boost domestic energy supply, and reduce dependence on imports, Prime Minister Narendra Modi said on Friday. “India will harness its deepwater energy resources, strengthening energy self-reliance and reducing dependence on foreign fuel imports,” Modi said in his address on […]Read More
August 08, 2025 Continued weaker demand for hybrid vehicles slowed the growth in China’s new energy vehicles to 12% in July from nearly 20% in June, according to official Chinese data published on Friday. Overall Chinese car sales also saw weaker growth last month, as the government is trying to tackle the overcapacity in the […]Read More
August 05, 2025 President Trump is rattling the U.S.’s formidable nuclear saber amid his growing frustration with Russian President Vladimir Putin’s refusal to halt the war in Ukraine, just days ahead of Trump’s deadline for a ceasefire. Trump last week said he was moving two “nuclear” submarines closer to Russia in response to threatening rhetoric from a […]Read More
Jul 23, 2025 Oil Price: While analysts and investors largely expect to see lower earnings at the world’s top oil and gas majors for the second quarter, due to weaker oil prices, they have fewer clues about the trading divisions of Big Oil. Typically, major price swings benefit trading desks; however, this past quarter’s wild […]Read More
Lagos, Nigeria – July 11, 2025 Asharami Square, energy experts and government functionaries unanimously affirmed natural gas as Africa’s transformational fuel for bridging energy and powering industrialisation. It was asserted during the second edition of Sahara Group’s thought leadership forum. The forum which held today in Lagos, Nigeria highlighted Gas as the bridge between energy […]Read More
Jul 09, 2025 Global oil markets have been soaking up the additional barrels OPEC+ has been producing since the spring without inventory builds, suggesting that the market needed the higher supply, according to Suhail al-Mazrouei, the energy minister of one of OPEC’s top producers, the United Arab Emirates (UAE). “You can see that even with […]Read More
Jul 01, 2025 Kazakhstan’s crude oil output jumped 7.5% in June to 1.88 million barrels per day (bpd), matching the country’s all-time high set in March, according to figures leaked to Reuters. This puts Kazakhstan well over its official OPEC+ quota of 1.5 million bpd, and continues a pattern of months-long noncompliance that’s frustrating the […]Read More
Oilserv Limited, the contractor handling the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline project, says the pipeline has successfully crossed the River Niger, using the Horizontal Directional Drilling special technique, minimising environmental impact. Dr Emeka Okwuosa, Group Chief Executive Officer, Oilserv Limited, said this on Friday in Abuja during a chat with newsmen. While confirming the development, Okwuosa […]Read More
Jun 24, 2025 Nigeria’s Economic and Financial Crimes Commission has arrested two ex-oil officials, including the former chief financial officer (CFO) of Nigeria’s state energy firm NNPC, over an alleged $7.2-billion fraud, corruption, and abuse of office. The financial crimes authorities have arrested Umar Ajiya Isa, a former CFO at NNPC, as well as Jimoh Olasunkanmi, a […]Read More
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